7:47am
Civil engineering group Costain today reported revenue of £1.061bn in the year to end-December 2009, exceeding £1bn for first time in 16 years
Profit from operations increased by 14% to £20.8m (2008: £18.3m) and profit before tax was £18.1m (2008: £23.1m).
The group said it had a strong net cash position of £120.5m (2008: £146.6m), with an average month-end cash balance of £125.3m during the year.
Costain reported a record year-end forward order book, up 30% at £2.6bn (2008: £2bn), including around £900m of secured work for 2010.
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7:32am
Story provided by Business Financial Newswire...
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7:32am
Story provided by Business Financial Newswire...
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7:32am
IG Group said revenue for the quarter to end-February was approximately £69m compared to £62m in the corresponding quarter in the prior year.
The spread-betting firm sais this represents an increase of approximately 11% (10% on a constant currency basis).
Together, the Group's UK, Australian, European and Singaporean financial businesses, which comprised 90% of Group revenues in the period, grew at 29% (26% on a constant currency basis).
Operating costs are in line with management expectations.
This revenue growth was achieved against a backdrop of significantly...
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7:32am
Oil and gas explorer Tullow Oil said financial results for 2009 are in line with market expectations and down compared with 2008. Sales revenues were down 16% at £582m and pretax profit fell 93% to £20m from £299m.
Sales revenue fell to £582 from £692m the prior year.
Operating profit slumped 68% to £95m from £300m and profit before tax dropped to £20m from £299m in 2008.
Profit after tax was £19m, down 92% from £226m.
Basic earnings per share were 1.9p, down from 30.9p.
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7:17am
Insurer Standard Life said today net flows across the group were up 51% to £6.5bn in the year to end-December 2009, compared to £4.3bn the prior year.
EEV profit after tax was £305m, compared to a loss of £134m the previous year.
Group assets under administration were up 15% to £170bn (2008: £148bn).
EEV core capital and cash generation after tax were up 16% to £350m.
The full year dividend was raised 4% to 12.24p (2008: 11.77p).
EEV operating profit before tax was...
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